By James Regan SYDNEY, Nov 14 (Reuters) - Rising stockmarkets across Asia ahead of this weekend's G20 meeting lifted industrial metals and agricultural commodities on Friday, but gold slipped on a stronger dollar and renewed recession worries sapped oil prices. Gold slipped 1 percent to $727.40 after posting its largest daily percentage gain in more than a week the previous day, as the dollar turned higher against the euro and spurred selling. [GOL/] "We can continue to expect volatility for some time to come," said Darren Heathcote of Investec Australia in Sydney. "I think the U.S. dollar is very much is the driver still." The dollar fell 0.6 percent to 97.10 yen after having jumped as high as 98.30 yen on Thursday, investors tip-toed back to the perceived safety of the Japanese currency amid concerns over the global credit crisis. Oil dipped below $58 as traders' focus returned to growing signs of a global recession and slowing demand, after having climbed almost 4 percent the previous day. Commodities trading was thin ahead of a weekend summit in Washington of industrialised and emerging nations to discuss the global financial crisis, which has ignited fears of falling demand and led investors to dump risky assets. [ID:nHKG276320] "The G20 meeting over the weekend will most likely create another uncertainty and prompt short-term traders to square off their positions before the weekend," said William Kwan, bullion director at Gold Capital Management. London copper futures rose 4 percent, pulling up Shanghai futures prices by their daily limit. But the respite from a year-long rout that has hammered copper down 43 percent, nickel 56 percent and aluminium 19 percent since January could be short lived, with Mexican President Felipe Calderon warning on Thursday the world should not expect big results from the G20 meeting. In Shanghai, the most active copper contract hit its 4 percent daily upside limit at 30,020 yuan ($4,395) a tonne following urges in London metal, after falling on Thursday to its lowest since January 2005. Beijing's plan to inject nearly $600 billion into its economy over the next two years through a stimulus package could help support prices in the near term, analysts said, but beyond that, prices depend on a recovery of the global economy. "We think the soft commodities are likely to be trading a little more stable than the rest of the commodities sector, because they are not so much dependent on industrial production and interest rates," said Tobias Merath, head of commodities research at Credit Suisse in Singapore. "But we still have a negative rating on commodities. We think this is a short-lived recovery, especially for metals." Data on Thursday showed U.S. workers drawing initial jobless benefits hit a 25-year high this month, while imports to the world's biggest economy suffered a record fall in September. [ID:nN13349815] Elsewhere, Germany fell into recession in the third quarter, data on Thursday showed, while the euro zone is set to release third-quarter economic growth numbers later on Friday that are expected to show it too is in recession. [ID:nL7262931] Chicago Board of Trade corn futures for December delivery rose 0.66 percent to $3.79-½ per bushel by 0907 GMT, while December wheat was up 0.6 percent at $5.41-½ per bushel. (Additional reporting by Alfred Cang in SHANGHAI, Lewa Pardomuan and Ramthan Hussain in SINGAPORE and Miho Yoshikawa in TOKYO; Editing by Clarence Fernandez)

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